In estimating regulatory benefits, the Environmental Protection Agency (EPA) assigns a value of $4.8 million to each
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In estimating regulatory benefits, the Environmental Protection Agency (EPA) assigns a value of $4.8 million to each life saved. What factors might the EPA consider in arriving at such a valuation? How would you respond to criticism directed at the EPA that life is precious and cannot be valued in dollar terms?
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Related Book For 
Fundamentals Of Managerial Economics (Economic Applications Access)
ISBN: 9781473778955
8th Edition
Authors: Mark Hirschey, Eric Bentzen, Carsten Scheibye
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